Exl: 1. Ibra Company had the following transactions during June 2016. Transactions 1. Stockholders invested R.O.10,000 in cash in exchange for common stock of Legal Services Inc. 2. Paid R.0.800 for July rent on office space. 3. Purchased office equipment on account R.0.3,000. 4. Provided legal services to clients for cash R.0.1,500. 5. Borrowed R.0.700 cash from a bank on a note payable. 6. Performed legal services for client on account R.0.2,000. 7. Paid monthly expenses: salaries R.0.500, utilities R.O. 300, and telephone R.O. 100. Assets T. No. Cash + Accounts + Receivable Liabilities + Owner's Equity Supplies + Equipment Shared Capital + Retained Earning + Rev -Expense Dividends ***** 1. 2. 3. 4. 5. 6. 7. Total